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                    [Title] => Power rates may increase only by 15¢ per kwh, if...
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Electricity rates may increase by roughly 15 centavos per kilowatt-hour instead of a previous estimate of 26 centavos per kwh if the Power Sector Assets and Liabilities Management Corp. (PSALM) pass on the damages sought by former employees of National Power Corp. (Napocor) to electricity consumers.

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                    [ArticleID] => 1377597
                    [Title] => Korea’s K-Water eyes  Angat hydro plant takeover
                    [Summary] => 
Korean firm K-Water Resources Corp. is targeting to close the sale of the 218-megawatt Angat hydropower plant in Bulacan by the end of this month, a government official said yesterday.

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                    [Title] => ERC seeks other ways of how PSALM can recover P62B
                    [Summary] => 
The Energy Regulatory Commission (ERC) will look into whether the Power Sector Assets and Liabilities Management Corp. (PSALM) can recover P62 billion from power consumers in the form of higher universal charges.

                    [DatePublished] => 2014-09-29 00:00:00
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                    [ArticleID] => 1371618
                    [Title] => Angat sale closing delayed anew
                    [Summary] => 
The closing of the sale of the 218-megawatt Angat hydropower plant in Bulacan to K-Water Resources Corp. of Korea has been delayed anew because of the garnishment slapped on the assets of National Power Corp. (Napocor).

                    [DatePublished] => 2014-09-22 00:00:00
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                    [ArticleID] => 1370646
                    [Title] => PSALM seeks recalculation of P62-B damages from Napocor suit
                    [Summary] => 
The Power Sector Assets and Liabilities Management Corp. (PSALM), the government corporation tasked to privatize state-owned power assets, is seeking a recalculation of the P62 billion it has to pay to former employees of the National Power Corp. (Napocor).

                    [DatePublished] => 2014-09-19 00:00:00
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                    [ArticleID] => 1368096
                    [Title] => PSALM adjusts possible hike in universal charge due to class suit
                    [Summary] => 
The Power Sector Assets and Liabilities Management Corp. (PSALM) has recalculated the possible increase in the universal charge if it is forced to settle up to P62 billion in damages from a class suit filed by the former drivers and mechanics of National Power Corp. (Napocor), the state-owned power company.

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                    [Title] => P60.2-B Napocor  class suit seen  to shake up  energy sector
                    [Summary] => 
The P60.2-billion class suit filed against National Power Corp. (Napocor), the state-owned power generation company, is threatening to shake up the entire energy sector, its top official said.

                    [DatePublished] => 2014-09-10 00:00:00
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                    [ArticleID] => 1364682
                    [Title] => Add’l P0.5143/kwh rate hike seen due to Napocor suit
                    [Summary] => 
Electricity rates may go up by an additional 51.43 centavos per kilowatt-hour if the Power Sector Assets and Liabilities Management Corp. (PSALM) is forced to settle up to P62 billion in damages from a law suit filed by former drivers and mechanics (DAMA) of the National Power Corp. (Napocor).

                    [DatePublished] => 2014-09-03 00:00:00
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                    [ArticleID] => 1362214
                    [Title] => Early power crisis looms as Napocor loses P60-B case
                    [Summary] => 
The looming power shortage may happen sooner, after the Supreme Court ordered the National Power Corp. (Napocor), through the Power Sector Assets and Liabilities Management Corp. (PSALM) to pay P60 billion in damages after losing a class suit filed by its former drivers and mechanics.

                    [DatePublished] => 2014-08-27 00:00:00
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                    [Title] => Napocor loses class suit filed by former drivers, mechanics
                    [Summary] => 
The National Power Corp. (Napocor) has lost a class suit filed by former members of its Drivers and Mechanics Association (DAMA) and is being asked, through the Power Sector Assets and Liabilities Management Corp. (PSALM), to pay P60 billion in damages.

                    [DatePublished] => 2014-08-23 00:00:00
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DRIVERS AND MECHANICS ASSOCIATION

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                    [Title] => Power rates may increase only by 15¢ per kwh, if...
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Electricity rates may increase by roughly 15 centavos per kilowatt-hour instead of a previous estimate of 26 centavos per kwh if the Power Sector Assets and Liabilities Management Corp. (PSALM) pass on the damages sought by former employees of National Power Corp. (Napocor) to electricity consumers.

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                    [Title] => Korea’s K-Water eyes  Angat hydro plant takeover
                    [Summary] => 
Korean firm K-Water Resources Corp. is targeting to close the sale of the 218-megawatt Angat hydropower plant in Bulacan by the end of this month, a government official said yesterday.

                    [DatePublished] => 2014-10-08 00:00:00
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                    [Title] => ERC seeks other ways of how PSALM can recover P62B
                    [Summary] => 
The Energy Regulatory Commission (ERC) will look into whether the Power Sector Assets and Liabilities Management Corp. (PSALM) can recover P62 billion from power consumers in the form of higher universal charges.

                    [DatePublished] => 2014-09-29 00:00:00
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                    [Title] => Angat sale closing delayed anew
                    [Summary] => 
The closing of the sale of the 218-megawatt Angat hydropower plant in Bulacan to K-Water Resources Corp. of Korea has been delayed anew because of the garnishment slapped on the assets of National Power Corp. (Napocor).

                    [DatePublished] => 2014-09-22 00:00:00
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                    [Title] => PSALM seeks recalculation of P62-B damages from Napocor suit
                    [Summary] => 
The Power Sector Assets and Liabilities Management Corp. (PSALM), the government corporation tasked to privatize state-owned power assets, is seeking a recalculation of the P62 billion it has to pay to former employees of the National Power Corp. (Napocor).

                    [DatePublished] => 2014-09-19 00:00:00
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                    [ArticleID] => 1368096
                    [Title] => PSALM adjusts possible hike in universal charge due to class suit
                    [Summary] => 
The Power Sector Assets and Liabilities Management Corp. (PSALM) has recalculated the possible increase in the universal charge if it is forced to settle up to P62 billion in damages from a class suit filed by the former drivers and mechanics of National Power Corp. (Napocor), the state-owned power company.

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                    [ArticleID] => 1367228
                    [Title] => P60.2-B Napocor  class suit seen  to shake up  energy sector
                    [Summary] => 
The P60.2-billion class suit filed against National Power Corp. (Napocor), the state-owned power generation company, is threatening to shake up the entire energy sector, its top official said.

                    [DatePublished] => 2014-09-10 00:00:00
                    [ColumnID] => 0
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                    [ArticleID] => 1364682
                    [Title] => Add’l P0.5143/kwh rate hike seen due to Napocor suit
                    [Summary] => 
Electricity rates may go up by an additional 51.43 centavos per kilowatt-hour if the Power Sector Assets and Liabilities Management Corp. (PSALM) is forced to settle up to P62 billion in damages from a law suit filed by former drivers and mechanics (DAMA) of the National Power Corp. (Napocor).

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                    [AuthorName] => Iris Gonzales
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                    [ArticleID] => 1362214
                    [Title] => Early power crisis looms as Napocor loses P60-B case
                    [Summary] => 
The looming power shortage may happen sooner, after the Supreme Court ordered the National Power Corp. (Napocor), through the Power Sector Assets and Liabilities Management Corp. (PSALM) to pay P60 billion in damages after losing a class suit filed by its former drivers and mechanics.

                    [DatePublished] => 2014-08-27 00:00:00
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                )

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                    [ArticleID] => 1360601
                    [Title] => Napocor loses class suit filed by former drivers, mechanics
                    [Summary] => 
The National Power Corp. (Napocor) has lost a class suit filed by former members of its Drivers and Mechanics Association (DAMA) and is being asked, through the Power Sector Assets and Liabilities Management Corp. (PSALM), to pay P60 billion in damages.

                    [DatePublished] => 2014-08-23 00:00:00
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abtest

Power rates may increase only by 15¢ per kwh, if...

By Iris Gonzales | October 27, 2014 - 12:00am

Electricity rates may increase by roughly 15 centavos per kilowatt-hour instead of a previous estimate of 26 centavos per kwh if the Power Sector Assets and Liabilities Management Corp. (PSALM) pass on the damages...

Headlines

Korea’s K-Water eyes Angat hydro plant takeover

By Iris Gonzales | October 8, 2014 - 12:00am

Korean firm K-Water Resources Corp. is targeting to close the sale of the 218-megawatt Angat hydropower plant in Bulacan by the end of this month, a government official said yesterday.

Business

ERC seeks other ways of how PSALM can recover P62B

By Iris Gonzales | September 29, 2014 - 12:00am

The Energy Regulatory Commission (ERC) will look into whether the Power Sector Assets and Liabilities Management Corp. (PSALM) can recover P62 billion from power consumers in the form of higher universal charge...

Business

Angat sale closing delayed anew

By Iris Gonzales | September 22, 2014 - 12:00am

The closing of the sale of the 218-megawatt Angat hydropower plant in Bulacan to K-Water Resources Corp. of Korea has been delayed anew because of the garnishment slapped on the assets of National Power Corp. (...

Business

PSALM seeks recalculation of P62-B damages from Napocor suit

By Iris Gonzales | September 19, 2014 - 12:00am

The Power Sector Assets and Liabilities Management Corp. (PSALM), the government corporation tasked to privatize state-owned power assets, is seeking a recalculation of the P62 billion it has to pay to former employees...

Business

PSALM adjusts possible hike in universal charge due to class suit

By Iris Gonzales | September 12, 2014 - 12:00am

The Power Sector Assets and Liabilities Management Corp. (PSALM) has recalculated the possible increase in the universal charge if it is forced to settle up to P62 billion in damages from a class suit filed by the...

Business

P60.2-B Napocor class suit seen to shake up energy sector

By Iris Gonzales | September 10, 2014 - 12:00am

The P60.2-billion class suit filed against National Power Corp. (Napocor), the state-owned power generation company, is threatening to shake up the entire energy sector, its top official said.

Business

Add’l P0.5143/kwh rate hike seen due to Napocor suit

By Iris Gonzales | September 3, 2014 - 12:00am

Electricity rates may go up by an additional 51.43 centavos per kilowatt-hour if the Power Sector Assets and Liabilities Management...

Business

Early power crisis looms as Napocor loses P60-B case

By Iris Gonzales | August 27, 2014 - 12:00am

The looming power shortage may happen sooner, after the Supreme Court ordered the National Power Corp. (Napocor), through...

Headlines

Napocor loses class suit filed by former drivers, mechanics

By Iris Gonzales | August 23, 2014 - 12:00am

The National Power Corp. (Napocor) has lost a class suit filed by former members of its Drivers and Mechanics Association (DAMA) and is being asked, through the Power Sector Assets and Liabilities Management Corp....

Business